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Iron Man gets heavy start

2008-05-05 09:48
line

Los Angeles - Iron Man, the latest Marvel comics title brought to the big screen, grossed an estimated $32.5m from its first full day in North American theatres, independent box office analysts reported on Saturday.

That tally, generated from Friday showings in some 4 100 US and Canadian cinemas, put Iron Man on track to meet or exceed the $85m-plus opening weekends posted by sequels to two other Marvel franchises - Spider-Man and X-Men.

Iron Man stars Robert Downey JR as a billionaire industrialist and playboy named Tony Stark who wrestles with a midlife crisis as he invents a high-tech suit of armour that transforms him into a superhero.

The movie, which cost about $150m to make and another $75m to market, co-stars Oscar winner Gwyneth Paltrow and has drawn mostly favourable reviews.

Distributed through Viacom Inc's <VIAb.N> Paramount Pictures, the film is the first self-financed production from Marvel Studios <MVL.N> and is being closely watched as the first major release of the summer movie season.

The 18-weekend stretch from May through August can account for as much as 40% of Hollywood's total domestic box office receipts for a year.

Neither Paramount nor Marvel issued first-day figures for Iron Man.

More than 2 000 theatres

But two box office tracking services, Media By Numbers and Box Office Mojo, both reported the film's estimated Friday take at $32.5m, not including receipts from Thursday night "preview" screenings in more than 2 000 theatres.

Media By Numbers estimated preview grosses at about $6m. Box Office Mojo put that number at $5.5m.

Iron Man's opening on Friday haul puts in on par with X2: X-Men United, which grossed $31.2m its first Friday and went on to amass $85.6m in receipts through its first Sunday, all in the same May weekend five years ago.

If Friday's estimates hold up, Media By Numbers president Paul Dergarabedian said he expects Iron Man to best X2 and perhaps even meet or surpass the $88.2m grossed by Spider-Man 2 in its first weekend in July 2004.

"It might be a little higher than X-2 because I think this one's going to have better word of mouth than that movie," Dergarabedian said. "Whether it beats Spider-Man 2 remains to be seen."

Spider-Man 3 holds the record for biggest opening weekend of all time, $151m last May, while the first Spider-Man stands at No 1 for a non-sequel film - $114.8m in the first weekend of May 2002.

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